For the first time, Brazil, Russia, India, and China -- dubbed the BRIC nations -- held a summit this week to discuss the global economy and their role in it.
The severe decay in the global economy is easing but serious problems still loom, Treasury Secretary Tim Geithner said Friday.
As Barack Obama headed back from his first diplomatic venture, two distinct views of his performance are emerging in Washington.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
Shares on Wall Street surged higher Thursday, following a global market upswing amid renewed optimism as G-20 leaders in London agreed a deal on lifting the global economy out of crisis.
Stocks rallied Thursday morning as the G-20 meeting of the world's largest economies got underway and regulators reportedly eased rules that determine how banks value bad debt.
A great age of protest should be dawning. The global mismanagement of the financial system has led to a deep recession. Intellectual paralysis has gripped the authorities and their policy response has been risky.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Barack Obama announced new arms negotiations with Russia's president, discussed North Korea with China's president, talked about the global economy with Britain's prime minister and had tea with Queen Elizabeth II on Wednesday -- a busy day for any leader.
As President Obama brings a proposed wish list for fixing financial markets and the global economy to the world stage, he's likely to have a tough sell.
For the first time, Brazil, Russia, India, and China -- dubbed the BRIC nations -- held a summit this week to discuss the global economy and their role in it.
The severe decay in the global economy is easing but serious problems still loom, Treasury Secretary Tim Geithner said Friday.
As Barack Obama headed back from his first diplomatic venture, two distinct views of his performance are emerging in Washington.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
Shares on Wall Street surged higher Thursday, following a global market upswing amid renewed optimism as G-20 leaders in London agreed a deal on lifting the global economy out of crisis.
Stocks rallied Thursday morning as the G-20 meeting of the world's largest economies got underway and regulators reportedly eased rules that determine how banks value bad debt.
A great age of protest should be dawning. The global mismanagement of the financial system has led to a deep recession. Intellectual paralysis has gripped the authorities and their policy response has been risky.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Barack Obama announced new arms negotiations with Russia's president, discussed North Korea with China's president, talked about the global economy with Britain's prime minister and had tea with Queen Elizabeth II on Wednesday -- a busy day for any leader.
As President Obama brings a proposed wish list for fixing financial markets and the global economy to the world stage, he's likely to have a tough sell.
French President Nicolas Sarkozy insisted Wednesday that new financial regulation is a "non-negotiable" aim of the G-20 Summit in London, as world leaders gathered for the event.
Security at the G-20 summit in London, England, is tight as protesters fill the streets. CNN anchor Kiran Chetry spoke Wednesday with Frances Townsend, who was Homeland Security adviser under the Bush administration, about the security. Townsend now is a national security contributor on CNN.
The world faces crisis of finance, not a crisis of capitalism.
President Obama said Wednesday world leaders meeting at the G-20 summit "cannot afford half-measures" as they try to hammer out ways to address the global financial crisis.
Headlines proclaiming that G-20 activists and police are following each others' activities on Twitter, Facebook and other social networking sites may give one the impression that a new age of surveillance and political activism has dawned.
Leaders at this week's Group of 20 summit must reshape the world's economic system to reflect global values, British Prime Minister Gordon Brown said Tuesday.
This week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.
This week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.
Social networking Web sites are set to play a crucial role in protests ahead of next week's G-20 meeting of world leaders in London as demonstration organizers and police use Twitter and Facebook as key sources of real-time information and intelligence.
Top executives of leading international banks were meeting the British prime minister and treasury chief Tuesday to discuss kick-starting the global financial system ahead of next month's G20 summit.
President Barack Obama reached out to citizens of the world Tuesday, saying in an op-ed piece that ran in 31 newspapers around the globe that there is an urgent need for worldwide economic cooperation.
President Obama reached out to citizens of the world Tuesday, saying in an op-ed piece that ran in 31 newspapers around the globe that there is an urgent need for worldwide economic cooperation.
European leaders have agreed to make $100 billion available to the International Monetary Fund and €50 billion ($68 billion) to eastern European countries, British Prime Minister Gordon Brown said Friday.
The G-20 meeting in London, England, on April 2 will be watched by the entire world with urgency and with a yearning for hope, vision and programmatic clarity.
The April 2 meeting in London of the major world economies known as the G-20 could be the most important global economic gathering since 1944, when the Bretton Woods conference reshaped the old order near the end of World War II.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Bank stocks led a bigger rally Monday morning, as investors looked to extend the recent advance to a fifth straight session.
President Obama and British Prime Minister Gordon Brown said Tuesday that the global economy would recover from the recent sharp downturn but that it would require a common effort to combat protectionist impulses, coordinate economic stimulus efforts and update antiquated regulatory structures.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
While America reels from the worst economic crisis since the Great Depression, it is time that we take a deeper look at the root causes of our current predicament.
President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.
World leaders unveiled a set of sweeping plans Saturday aimed at tackling the ever-expanding economic crisis, which has roiled financial markets worldwide.
World leaders emerged Saturday from a summit on the global financial crisis, calling for tougher rules on banks and for a series of measures early next year to stabilize global markets.
The dollar ticked lower against major European currencies Monday after the weekend's G-20 economic summit in Washington failed to impress currency investors.
A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like the one currently damaging economies worldwide.
For U.S. multinationals trying to sell in a slowing global economy, currency has been a hidden source of strength.
President Bush on Wednesday hailed the move by G-8 leaders to coalesce behind a global climate-change strategy, claiming "significant progress"
The leaders of the Group of Eight nations expressed concerns Tuesday about Iran's nuclear program and Zimbabwe's election crisis.
From July 7 to 9, the small town of Toyako in Japan will become the center of the world when the leaders of the G8 countries meet for their annual summit.
President Bush on Sunday defended his decision to attend next month's Olympics opening ceremony in Beijing, saying that to boycott "would be an affront to the Chinese people."
President Bush heads to Japan on Saturday for his final G-8 summit of world leaders as the global economy slumps, energy prices soar and food shortages loom in the developing world.
What to do about mounting global economic woes will be a focus of debate at the upcoming meeting of industrialized nations in Japan
Sen. John McCain discussed free trade, illegal drugs and better relations Tuesday night with Colombian President Alvaro Uribe.
Sen. John McCain, the presumptive Republican nominee for president, arrived in Tuesday in Colombia on a three-day trip that includes Mexico to talk about trade and drugs.
Fortune: There's been a lot of bad economic news lately. On Friday we got a lot of bad economic numbers. The stock market took a big dive. It seems pretty clear that the country's facing grave economic challenges right now. But I'd like you to look a little further down the road, to when you're in the Oval Office - what do you see as the gravest long-term threat to the U.S. economy?
As Sen. John McCain prepares to promote free trade during a high-profile trip to Colombia and Mexico, a poll out Tuesday suggests the issue may be a political hurdle as the general election campaign heats up.
The general campaign is on, independent voters are up for grabs, and Barack Obama is toning down his populist rhetoric - at least when it comes to free trade.
Finance ministers from the Group of Eight industrialized nations urged oil producers Saturday to boost output
Analysis: Economic inequality, not racism, drove the wave of anti-immigrant violence that shook the post-apartheid order. And that's a global problem
Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its name: stagflation. It was the sound of the world hitting a wall, a combination of no growth and inflation. It created an existential crisis for the global economy, leading many to argue that the world had reached its limits of growth and prosperity. That day of reckoning was postponed, but now, after a 30-year hiatus, at least a mild bout of stagflation has returned, and matters could get much worse. We are back to the future, with the question we asked 30 years ago: How can we combine robust economic growth with tight global supplies of such critical commodities as energy, food, and water? It's worth comparing the earlier episode of stagflation with our current travails to help us find our way. In fact, this time the resource constraints will prove even harder to overcome than in the last round, since the world economy is much larger and the constraints are much tighter than
Simply by chance, a pair of new cars fell into my hands last weekend that perfectly demonstrated the yin and yang of today's auto industry. The Pontiac G8 was powerful, exciting, fun to drive - and as obsolete as the buggy whip. The Nissan Cube was homely, utilitarian and slow - and we all ought to get used to it, because that's what most of us are going to be driving in the future.
Sens. Hillary Clinton and Barack Obama have aggressively courted organized labor, but unions are divided between the Democratic candidates.
President Bush used a meeting with Mexican and Canadian leaders Monday to hammer Democrats who oppose a free trade deal between the U.S. and Colombia, saying that blocking the deal is "bad for American workers and bad for our security."
Sen. Hillary Clinton and her husband Bill don't see eye-to-eye when it comes to a controversial free trade pact.
President Bush on Monday moved to force a vote on a controversial free trade agreement between the United States and Colombia that Democrats oppose.
China's economy is booming and Sheikh Mohammed Bin Rashid Al Maktoum's visit there this week highlights the U.A.E.'s ambitions to join in on this growth. CNN's John Defterios (JD) sits down with Shaukat Aziz (SA), former Prime Minister to Pakistan to talk about the emerging relationship.
As Middle East economies try to combat the impact of rampant inflation this week, Egypt raised interest rates for a second time this year to control the problem.
It can't be easy to talk up the U.S. economy in the middle of a global stock market sell-off based on growing fears of a U.S. recession.
Dramatic economic expansion in the Middle East has forced the region to shop around for talent.
Hundreds of thousands of farmers clogged central Mexico City Thursday with their slow-moving tractors, protesting the entry of cheap imported corn from the United States and Canada.
"We are the champions - of the world" may be the verse that rings out in stadiums across the U.S., but in the great game of global trade, Americans are increasingly feeling like the losers. A large majority - 68% - of those surveyed in a new Fortune poll says America's trading partners are benefiting the most from free trade, not the U.S. That sense of victimhood is changing America's attitude about doing business with the world.
Are we entering America's first globalization recession? I think we may well be, but before explaining why, I want to emphasize two points.
Despite rampant recession talk on Wall Street, Commerce Secretary Carlos Gutierrez remains upbeat on the nation's overall economic health.
You don't have to travel to the Democratic side of the presidential race and to hear the chords of protectionism. That was evident at yesterday's Republican presidential debate in Johnston, Iowa - the last formal verbal joust before that state's voters kick off the official race by voting in caucuses on January 3.
The Senate approved a free trade agreement with Peru yesterday by a vote of 77 to 18, clearing the way for the deal to become law within weeks.
U.S. Commerce department junkets in Colombia are pushing a free trade agreement with Bush's close Latin American ally
On Wall Street yesterday, the Dow Jones industrial average and the broader S&P 500 index broke new record highs. Six hundred miles away, in Michigan, the unemployment rate stood at a painful 7.4 percent, fueled by the loss of 400,000 manufacturing jobs, and dwarfing the national rate of 4.7%.
America's fight - to thrive in the Darwinian global economy isn't getting any easier. But in this season of financial market upheaval and intensifying political campaigning, there's danger we could actually give up two of the greatest advantages we hold.
HSBC Holdings, Europe's biggest bank, posted higher first-half profit and struck an upbeat tone on the global economy Monday, despite a big rise in bad debts linked to its problems in the U.S. housing market.
2007 GLOBAL 500 THE WORLD'S LARGEST CORPORATIONS
Just how red-hot is the current worldwide expansion? "This is far and away the strongest global economy I've seen in my business lifetime," U.S. Treasury Secretary Hank Paulson declared on a recent visit to Fortune's offices.
House Democratic leaders quashed White House hopes Friday for quick renewal of "fast track" trade negotiating authority and said they cannot support trade agreements negotiated with South Korea and Colombia.
The protesters came, and the leaders talked. But increasingly the annual gathering looks like an anachronism
Development campaigners have criticized a pledge by the leaders of the world's richest nations on Friday to give $60 billion to fight diseases such as AIDS in Africa.
Leaders of the world's eight major industrialized nations will end their summit Friday with a pledge to help nations on the world's poorest continent.
Leaders from the world's eight major industrialized nations "accepted the latest scientific evidence" of the dangers of global warming Thursday but set no targets for reducing greenhouse gas emissions.
As the capital's attention fixed on congressional maneuvering over Iraq war spending, a different drama was playing out in the offices of leading House members - one that would determine the nation's free trade path at a critical juncture.
More than a decade ago -- as the Cold War ended and the technological revolution begun -- many predicted that globalization would usher in a new era of freedom of expression across the planet.
Lou Dobbs testified today before the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation, and Trade. The hearing was entitled "Trade, Foreign Policy, and the American Worker." Below is the transcript of Lou's testimony.
The United States and its key trading partners like the European Union, India and Brazil are scurrying to reach a worldwide deal in the next few months to boost trade in farm and industrial goods.
General Motors will unveil a new Pontiac sedan at the Chicago Auto Show today.
In the first of two speeches on the economy this week, President Bush on Tuesday broadly outlined his economic growth agenda, which he said includes keeping taxes low, expanding U.S. free trade agreements, reducing the country's dependence on foreign oil and implementing a health care system that is "patient centered and not government centered."
So how are you doing? Money-wise, that is.
Why are you so insistent about an alliance with a North American producer?
Victorious Democrats will, with the opening of the 110th Congress, have a historic opportunity to right the course of a country that has been hell-bent on permitting free-trade corporatists and faith-based economics to bankrupt the nation.
In recent weeks, four leading economists and analysts have looked ahead to the prospects for the global economy during 2007.
In the coming weeks, four leading economists and analysts will be looking ahead to the prospects for the global economy during 2007.
Conservative Felipe Calderon won by a narrow margin Thursday in Mexico's presidential election, but leftist rival Andres Manuel Lopez Obrador claimed there were irregularities and vowed to fight the results in court.
The dust has started to settle on President Bush's recent reshuffle of his White House team. Gone are Karl Rove and Scott McClellan. Gone too, it turns out, is President Bush's credibility as a free trader.
Following is an interview with Laura Tyson, dean of London Business School and former chairman of the Council of Economic Advisers during the Clinton administration, and Glenn Hubbard, dean of the Columbia Business School and chairman of the Council of Economic Advisers in the first years of the Bush administration.
Morgan Stanley economist Stephen Roach said in a report released Monday that he feels better about the global economy's outlook "for the first time in ages."
Chinese President Hu Jintao meets with President Bush in the nation's capital Thursday after a cross-country trip for Hu that follows his state dinner with billionaire Bill Gates.
Staffers on Capitol Hill and in the Bush administration said Thursday it is unlikely that the Central American-Dominican Republic Free Trade Agreement will become active Jan. 1, as had been planned.
Ministers from 149 states have saved long-running global trade talks from collapse with an interim deal to end farm export subsidies by 2013 and open up markets in wealthier countries to the world's poorest nations.
The leaders of 21 Asia-Pacific nations, including U.S. President George W. Bush, have begun their annual economic summit in South Korea with a call for the European Union to do more to break the impasse in talks on securing a global trade liberalization deal.
President Bush acknowledged Monday that it would be difficult to push any U.S.-Panama trade deal through Congress, but said getting one completed remains a top priority for his administration.
Protesters set a building on fire and threw objects at police in the streets of this resort city as the leaders of 34 nations met at the fourth Summit of the Americas.
After an all-day, full-court press by the White House, the House early Thursday narrowly approved the controversial Central America Free Trade Agreement, a pact supporters say will help strengthen fledgling democracies.
IT'S A CRISIS OF CONFIDENCE unlike anything America has felt in a generation. Residents of tiny Newton, Iowa, wake up to the distressing news that a Chinese firm--What's it called? Haier? That's Ch...
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